Bitdeer Bitcoin Output Soars 388% as AI Cloud ARR Hits $76M
BTDR sits 77% above its 52-week low of $6.916 on light trading volume (0.2× avg).
Summary
Bitdeer mined 990 BTC in June, a 388% YoY jump, while AI Cloud ARR climbed to ~$76M with 95% GPU utilization. The company completed deliveries under a five-year GPU cloud contract featuring two NVIDIA GB300 NVL72 clusters, signaling execution on its AI pivot. A new 10-year lease in Malaysia adds 21.7 MW of capacity expected in Q1 2027, and the Norway colocation lease was executed. Total electrical capacity now exceeds 3.0 GW. This follows May's 370% production increase and the June 29 Norway lease announcement, showing accelerating momentum across both mining and AI infrastructure. The sharp ARR growth and high utilization suggest the AI business is scaling faster than anticipated, which could re-rate the stock given its crypto-adjacent discount.
At the time of this announcement, BTDR was trading at $12.22 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $3B. The 52-week trading range was $6.92 to $27.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: CryptoProwl.